Dec. 10 at 2:44 AM
Actionable Trade Alert for
$WMB:
Market Context:
$WMB is currently trading at
$61.56, showing strength with an RSI of 61.81, indicating bullish momentum but nearing overbought territory. The price is above the 30-day MA of
$59.75 and the 50-day MA of
$60.81, suggesting a positive trend. The recent 60-day high of
$65.55 provides a key resistance level.
Directional Bias: Given the current price above the MAs and a strong RSI, the bias is bullish. The price action is within a range defined by the 60-day high of
$65.55 and low of
$56.19, indicating potential for upward movement.
Trade Plan:
- Suggested Entry:
$61.56
- Stop Loss:
$59.00 (approximately 4% below entry)
- Take Profit Targets:
1.
$63.00 (Target 1, 3% ROI)
2.
$64.50 (Target 2, 4.7% ROI)
3.
$72.00 (Target 3, 17% ROI)
This plan allows for a structured approach to capitalize on the bullish trend while managing risk effectively.
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